Top Headlines - part 11

Social Network LinkedIn Adds Features for Premium Customers

Social Network LinkedIn Adds Features for Premium Customers

BUSINESS

  • Changes aimed at bringing in more paying customers
  • Free users will see changes in coming months
  • All four major social networks have similar look

LinkedIn, the world’s largest professional social networking site, is introducing a series of visual changes in the hopes of attracting job seekers and employers to its paid memberships.

The changes became available to paid customers at the beginning of the month. Some changes, such as a large header photo, will be available to free subscribers later this year. Free subscribers can apply to a waiting list if they would like to implement the change sooner.

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Retailers Taking Advantage of Amazon’s Dispute with Publisher

Retailers Taking Advantage of Amazon’s Dispute with Publisher

BUSINESS

  • Amazon, Barnes & Noble cut prices to attract customers
  • Publisher contracts effect entire book industry
  • Low prices hurt authors

     

    Online retailer Amazon is in a contract dispute with publisher Hachette Book Group, owned by Lagardère of France, and competitors Barnes & Noble and Walmart are taking advantage of the situation by cutting their book prices in an effort to attract customers.

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U.S. Regulators Investigate Jeeps Recalled for Airbag Safety

U.S. Regulators Investigate Jeeps Recalled for Airbag Safety

BUSINESS

  • Reports claim repaired vehicles still exhibiting problems
  • Original recall affected 919,000 vehicles in North America
  • Government inves

Chrysler, a unit of Fiat Chrysler Automobiles, in under investigation by the National Highway Traffic Safety Administration that vehicles recalled in 2012 for faulty airbags may still be experiencing the same problem.

In November 2012, Chrysler recalled nearly 745,000 vehicles, model years 2002-2004 Jeep Grand Cherokee and 2002-2003 Jeep Liberty in the U.S. because a defect caused airbags to deploy with no warning and for no reason. An additional, 174,723 Jeeps were recalled outside of North America and in Canada and Mexico.

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Online Security Breaches Don’t Phase Investors

Online Security Breaches Don’t Phase Investors

FINANCE

  • Hackers have no affect on investors faith in a company
  • Some companies benefit long term after a hack
  • eBay breach under investigation

Cyber attacks on major retailers and financial institutions have no significant impact on investors and in some cases may do the opposite effect.

As more and more companies have had security breaches, a trend has emerged. Stocks barely change after a hack is announced, or if they do drop, they quickly rebound.

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Consumer Goods Giant Unilever Sells Ragu Brand For $2 Billion

Consumer Goods Giant Unilever Sells Ragu Brand For $2 Billion

BUSINESS

  • Brand sold to Japan’s Mizhan Group
  • Sale part of Unilever strategy to focus on personal care
  • North American processed-foods market shrinking

Anglo-Dutch consumer goods giant Unilever has agreed to sell its Ragu pasta sauce brand to Japanese food company Mizkan Group for $2.15 billion as Unilever changes its business focus.

The deal includes the Ragu and Bertoli sauce brands, a bottling plant and a tomato processing plant.

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Telecom Giant AT&T To Buy DirecTV For $48 Billion

Telecom Giant AT&T To Buy DirecTV For $48 Billion

BUSINESS

  • Deal mutually beneficial
  • Merged company would be second largest TV operator
  • Opponents question whether deal benefits customers

AT&T has announced plans to purchase DirecTV, the No.1 U.S. satellite television provider, for $48.5 billion, giving the company areas of growth beyond its cellular business.

AT&T will pay DirecTV shareholders $28.50 per share in cash and $66.50 per share in AT&T stock. That values the total transaction at $67.1 billion.

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SAP Purchasing SeeWhy For Targeted Marketing Abilities

SAP Purchasing SeeWhy For Targeted Marketing Abilities

BUSINESS

  • SAP AG strikes acquisition deal with SeeWhy with focus on optimizing consumer experience and boosting sales through personalized 1-to-1 marketing.
  • SeeWhy increases sales by analyzing real time consumer behaviour and initiating actions across a wide, pre-packaged network including advertisers, ecommerce and web analytics services.
  • SAP deal with SeeWhy one of several recent consolidations

Business application software company SAP AG recently revealed that it will purchase SeeWhy, a market leader in helping businesses boost consumer engagement and profits via cloud-based targeted marketing solutions.

SeeWhy, headquartered in Boston, MA, counts over 4,000 major retailers and brands among its clients. The company relies on SeeWhy CORE, a patented in-memory platform that it says “gauges everything from a first visit to a purchase in real time to trigger the next best action for that unique customer at that moment in time” and initiates actions across a wide, pre-packaged network of over 30 key advertisers, email service providers, ecommerce, social networks and web analytics services.

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Abbott Laboratories Buying Latin Pharmaceutical Company For $3 Billion

Abbott Laboratories Buying Latin Pharmaceutical Company For $3 Billion

BUSINESS

  • Abbott to become top 10 pharmaceutical company
  • Purchase forecasted to have $900 million in revenue
  • Latin America market valued at $73 billion

Abbott Laboratories, the largest manufacturer of heart stents and adult nutritional beverages, will be purchasing Kalo Pharma Internacional S.L., the parent company of Latin American pharmaceutical company CFR Pharmaceuticals, for $2.9 billion, expanding it Central American market and increase its portfolio. It also will take on around $430 million in debt.

The deal will double Abbott’s sales in Latin America and add to its generic drug portfolio. It also will make it one of the ten largest pharmaceutical companies in the Latin American market.

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Automotive Update: GM Recalls 3 Million More Vehicles

Automotive Update: GM Recalls 3 Million More Vehicles

BUSINESS

  • Latest recall related to tail-light failure
  • GM to take $200 million charge this quarter
  • Model years affected back to 2004

General Motors Co., the top US automaker, recalled 3 million vehicles worldwide in five separate recalls, due to various manufacturer defects.

The majority of the recalls are for faulty tail lights. There have been 13 crashes and hundreds of complaints. The National Highway Traffic Safety Administration received complaints about break lights turning off when the brake was applied and turning on when the pedal wasn’t depressed. Vehicles were recalled in 2009 for the same defect.

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Coca-Cola to Become Keurig’s Top Shareholder with 16% Stake

Coca-Cola to Become Keurig’s Top Shareholder with 16% Stake

BUSINESS

  • Coca-Cola to combat decreased demand for its sodas in more health-conscious market by increasing investment in Keurig Green Mountain Inc.
  • Keurig and Coca-Cola in 10-year agreement to produce single-cup cold beverage system Keurig Cold using Coca-Cola branded carbonated and non-carbonated drinks
  • Coca-Cola continuing pattern of purchasing stakes in rising brands as main revenue source fails

Coca-Cola Co., the largest multinational beverage company, recently revealed its decision to up its stake in Keurig Green Mountain Inc.—producer of Keurig coffee brewers—to 16%.

In February, Coca-Cola purchased a 10% stake in Keurig with an option of increasing to 16%. At that time, the Atlanta, Georgia-based corporation purchased 16.7 million shares in Keurig for around $1.25 billion.

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